All Directors and Senior
Management must act within the bounds of the authority conferred
upon them and with a duty to make and enact informed decisions
and policies in the best interests of the Company and its
shareholders.
With a view to maintain the
high standards that the company requires, the following rules/
code of conduct should be observed in all activities of the
Board. The Company appoints the Company Secretary as a Compliance
Officer for the purposes of the code, who will be available
to directors and senior management to answer questions and
help them comply with the code.
1. Honesty & Integrity:
All directors and senior
management shall conduct their activities, on behalf of the
Company and on their personal behalf, with honesty, integrity
and fairness. All directors and senior management will act
in good faith, responsibly, with due care, competence and
diligence, without allowing their independent judgment to
be subordinated. Directors and senior management will act
in the best interests of the Company and fulfill the fiduciary
obligations.
2. Conflict of interest:
Directors on the board of
the Company and senior management shall not engage in any
business, relationship or activity, which may be in conflict
of interest of the Company or the group.
Conflicts can arise in many
situations. It is not possible to cover every possible conflict
situation and at times, it will not be easy to distinguish
between proper and improper activity. The following are some
of the common circumstances that may lead to a conflict of
interest, actual or potential:
Directors and senior management should
not engage in any activity/ employment that interferes
with the performance or responsibility to the Company
or is otherwise in conflict with or prejudicial to the
Company.
Directors and senior management and
their immediate families should not invest in a company,
customer, supplier, developers or competitor and generally
refrain from investments that compromise their responsibility
to the Company.
Directors and senior management should
avoid conducting company business with a relative or with
a firm/ company in which a relative/ related party is
associated in any significant role.
If such related party transaction
is unavoidable, it must be fully disclosed to the Board or
to the Chief Executive Officer of the Company.
3.
Compliance:
Directors
and senior management are required to comply with all applicable
laws, rules and regulations, both in letter and in spirit.
In order to assist the Company in promoting lawful and ethical
behaviour, directors and senior management must report any
possible violation of law, rules, regulation or the code of
conduct to the Company Secretary.
4. Other Directorships:
The Company feels that serving
on the boards of directors of other companies may raise substantial
concerns about potential conflict of interest, and therefore,
all directors must report/ disclose such relationships to
the Board on an annual basis. It is felt that service on the
Board of a direct competitor is not in the interest of the
Company.
5. Confidentiality of
information:
Any information concerning
the company’s business, its customers, suppliers etc.
which is not in the public domain and to which the Director
has access or possesses such information, must be considered
confidential and held in confidence, unless authorized to
do so and when disclosure is required as a matter of law.
No director and senior management shall provide any information
either formally or informally, to the press or any other publicity
media, unless specially authorized.
6.Insider Trading:
Any director of the Company
and senior management shall not derive benefit or assist others
to derive benefit by giving investment advice from the access
to and possession of information about the Company, not in
public domain and therefore constituting insider information.
All directors will comply with insider trading guidelines
as issued by SEBI.
7. Gifts & Donations:
No director of the Company
and senior management of the Company shall receive or offer,
directly or indirectly, any gifts, donations, remuneration,
hospitality, illegal payments and comparable benefits which
are intended (or perceived to be intended) to obtain business
(or uncompetitive) favours or decisions for the conduct of
business. Nominal gifts of commemorative nature, for special
events may be accepted and reported to the Board.
8. Protection of Assets:
Directors and senior management
must protect the Company’s assets, labour and information
and may not use these for personal use, unless approved by
the Board.
9. Customer Relationships:
The Directors and senior
management must act in a manner that creates value for our
customers and help to build a relationship based on trust.
If their job puts them in contact with customers or potential
customers, they must act in a manner befitting the representatives
of the Company.
10. Government Relations:
It is the Company’s
policy to comply fully with all applicable laws and regulations
governing contact and dealings with government employees and
public officials, and to adhere to high ethical, moral and
legal standards of business conduct. This policy includes
strict compliance with all Central, local, State, federal,
foreign and other applicable laws, rules and regulations..
11. Periodic Review:
Once every year or upon revision
of this code, every director and senior management must acknowledge
and execute an understanding of the code and an agreement
to comply. New directors will sign such a deed at the time
when their directorship begins and senior management at the
time when their employment begins.
12. Waivers:
Any waiver of any provision
of this Code of Business Conduct and ethics for a member of
the Company’s Board of Directors or an executive officer
must be approved in writing by the Company’s Board of
Directors and promptly disclosed.
Registered
Office
Universal Insurance Building,
3rd Floor Sir P.M, Road,
Fort, Mumbai - 400 001. INDIA
Tel Nos : +91 22 22851765 / 66 / 67
Fax No : 2288 4985
Unaudited Financial Results for the quarter ended 30th June, 2010
(All figures in Rs Lacs)
Particulars
For the Quarter ended on
For the Year ended
30.06.2010
30.06.2009
31.03.2010
(Audited)
Income from Operations
7688
7408
29477
Other Operating Income (Investment Income)
114
377
1634
Total Income
7802
7785
31111
Expenditure
- Interest Expenditure
4449
5007
18862
- Staff Expenses
178
137
628
- Other Expenditure
537
304
2371
- Depreciation & Amortisation
15
13
62
Total Expenditure
5179
5461
21923
Profit from Operations before Other Income & Exceptional Items
2623
2324
9188
Other Income
-
-
-
Profit from ordinary activities before Tax
2623
2324
9188
Provision for Tax
760
650
2825
Deferred Tax (Asset) / Liability
(72)
(17)
(346)
Fringe Benefit Tax
0
3
0
Net Profit after Tax
1935
1688
6709
Paid up Equity Share Capital (Face Value Rs 10/-)
5385
5385
5385
Reserves as at 31st March
33313
Earning Per Share(EPS)
(a)Basic and Diluted Earning Per Share before Extraordinary items for the period,
for the year to date and for the previous year(Rs.)
3.59
3.13
12.46
(b)Basic and Diluted Earning Per Share after Extraordinary items for the period,
for the year to date and for the previous year(Rs.)
3.59
3.13
12.46
Public shareholding:
- Number of Shares
28554674
26776387
27518751
- Percentage of Shareholding
53.03
49.72
51.10
Promoters and promoter group Shareholding
a) Pledged/Encumbered
-Number of Shares
NIL
NIL
NIL
-Percentage of Shares(as a % of the total share holding of promoter group)
NIL
NIL
NIL
-Percentage of Shares(as a % of the total share capital of the Company)
NIL
NIL
NIL
b) Non-encumbered
-Number of Shares
25296392
27074679
26332315
-Percentage of Shares(as a % of the total shareholding of promoter group)
100
100
100
-Percentage of Shares(as a % of the total share capital of the Company)
46.97
50.28
48.90
Notes:
1.
Provision for contingencies amounting to Rs. 215 Lacs (Previous period Rs. 47
Lacs) is included under the head 'Other Expenditure' for the quarter ended 30th June,
2010.
2.
The Company's main business is to provide Loans for the purchase or construction of Residential Units. Hence there are no separate reportable segments, as per Accounting Standard on Segment Reporting (AS 17), notified by the Companies (Accounting Standards)
Rules, 2006.
3.
There were no Investor complaints pending as on April 1st, 2010. During the quarter,
the Company received 4 Investor complaints, all of which have been resolved by the end of this quarter. There are no complaints pending as on 30th June, 2010.
4.
The figures for previous period have been regrouped wherever necessary.
5.
The above results for the quarter ended 30th June, 2010 have been subjected to a
"Limited Review" by the Auditors of the Company and were reviewed and recommended
by
the Audit Committee of Directors and approved by the Board of Directors at its
meeting held on 27th July, 2010.
Place : Mumbai
On Behalf of the Board
Date : 27th July, 2010.
Yogesh Lohiya
Chairman
STATEMENT OF ASSETS AND LIABILITIES (AUDITED):
(All figures in Rs Lacs)
Particulars
For the Year ended
31.03.2010
31.03.2009
(Audited)
(Audited)
SHAREHOLDERS' FUNDS :
(a) Capital
5385
5385
(b) Reserves and Surplus
33313
29429
LOAN FUNDS
262691
247798
TOTAL
301389
282612
FIXED ASSETS
310
296
HOUSING LOANS
286577
264045
INVESTMENTS
4913
114
DEFERRED TAX ASSET
2305
1959
CURRENT ASSETS,LOANS & ADVANCES
(a) Sundry Debtors
529
738
(b) Cash and Bank balances
8646
17500
(c) Other Current Assets
201
38
(d) Loans and Advances
1377
1037
Less: Current Liabilities and Provisions
(a) Liabilities
968
893
(b) Provisions
2501
2222
MISCELLANEOUS EXPENDITURE (NOT WRITTEN OFF OR ADJUSTED)
-
-
TOTAL
301389
282612
Place : Mumbai
On Behalf of the Board
Date : 10th May, 2010.
Yogesh Lohiya
Chairman
Clause 35
GIC HOUSING FINANCE LIMITED
SHAREHOLDING PATTERN AS ON 30.06.2010
(I) (a) Statement showing Shareholding Pattern
Scrip Code : 511676
Dated : 30.06.2010
Category Code
Category of shareholders
No. of share holders
Total No. of shares
No. of shares held in demated form
Total shareholding as a percentage of total no. of shares
Shares pledged or otherwise encumbered
As a percentage of
Number of shares
As a %
(A+B)1
(A+B+C)
(i)
(ii)
(iii)
(iv)
(v)
(vi)
(vii)
(viii)
(ix)=(viii)/(iv)*100
(A)
Shareholding of Promoter
and Promoter Group2
(1)
Indian
(a)
Individuals/H.U.F
0
0
0
0.00
0.00
0
(b)
Cental/State Government(s)
0
0
0
0.00
0.00
0
0
(c )
Bodies Corporate
6
25296392
25296392
46.97
46.97
0
0
(d)
Financial Institutions/Banks
(e)
Any Other (specify)
SUB TOTAL(A)(1)
6
25296392
25296392
46.97
46.97
0
0
(2)
Foreign
(a)
Non Resident Individuals/
Foreign Nationals
(b)
Bodies Corporate
0
0
0
0.00
0.00
0
0.00
(c)
Institutions
0.00
(d)
Any Other (specify)
0.00
SUB TOTAL(A)(2)
0
0
0
0.00
0.00
0.00
0.00
Total holding of Promoter and Promoter Group (A)=(A)(1)+(A)(2)
6
25296392
25296392
46.97
46.97
0.00
0.00
(B)
Public Shareholding3
(1)
Institutions
(a)
Mutual Fund/UTI
7
24800
21000
0.05
0.05
(b)
Financial Institutions/Banks
5
12700
12700
0.02
0.02
(c)
Central/State
Government(s)
0
0
0
0.00
0.00
(d)
Venture Capital Funds
(e)
Insurance Companies
1
2712250
2712250
5.04
5.04
(f)
Foreign Institutional Investors
11
2952160
2952160
5.48
5.48
(g)
Foreign Venture Cap. Inv
Sub-Total(B)(1)
24
5701910
5698110
10.59
10.59
N.A
N.A
(2)
Non-Institutions
(a)
Bodies Corporate
1322
7439727
7429925
13.82
13.82
(b)
Individuals
i) Holding nominal share capital upto Rs. 1 lakh
30161
11454531
10738683
21.27
21.27
ii) Holding nominal share capital
in excess of Rs. 1 lakh.
29
3222385
3222385
5.98
5.98
(c)
Any Other (Specify)
Overseas Corporate Bodies
0
0
0
0.00
0.00
Non Resident Individuals
385
718841
717841
1.33
1.33
Any Other(Trusts.)
5
17280
17280
0.03
0.03
Sub-Total(B)(2)
31902
22852764
22126114
42.44
42.44
N.A.
N.A.
Total Public Shareholding (B) = (B)(1) + (B)(2)
31926
28554674
27824224
53.03
53.03
TOTAL (A)+(B)
31932
53851066
53120616
100.00
100.00
0
0
C)
Shares held by Custodians and against which Depository Receipts have been issued
0
0
0
0.00
0.00
N.A.
N.A.
GRAND TOTAL (A)+(B)+C)
31932
53851066
53120616
100.00
100.00
0.00
0.00
(I) (b)Statement showing shareholding of persons belonging to the category "Promoter and Promoter Group"
SCRIPCODE: 511676
Dated: 30.06.2010
Sr. No.
Name of the shareholder
No. of shares
Shares as percentage of total no. of shares (i.e.Grand Total(A)+(B)+C) indicated
in statement at para(I)(a) above)
Shares pledged or otherwise encumbered
As a %of grand total A+B+C of sub-clause (1)(a)
Number of Shares
As a %
1
GENERAL INSURANCE CORPORATION OF INDIA
8218802
15.26
0
0
0
2
THE NEW INDIA ASSURANCE COMPANY LIMITED
4373500
8.12
0
0
0
3
IFCI LTD
2999566
5.57
0
0
0
4
UNITED INDIA INSURANCE COMPANY LIMITED
3956000
7.35
0
0
0
5
NATIONAL INSURANCE COMPANY LTD
2773500
5.15
0
0
0
6
THE ORIENTAL INSURANCE COMPANY LIMITED
2975024
5.52
0
0
0
TOTAL
25296392
46.97
0
0
0
(I) c) Statement showing shareholding of persons belonging to the category "Public" and holding more than 1% of the total number of shares
SCRIP CODE : 511676
Dated : 30.06.2010
Sr. No.
Name of the shareholder
No. of shares
Shares as percentage of total no. of shares {i.e.Grand Total(A)+(B)+C) indicated in statement at para(1)(a) above}
1
LIFE INSURANCE CORPORATION OF INDIA
2712250
5.04
2
ACACIA PARTNERS, LP
1050000
1.95
3
TATA INVESTMENT CORPORATION LIMITED
1000000
1.86
4
CD EQUIFINANCE PRIVATE LTD.
771053
1.43
5
ACACIA INSTITUTIONAL PARTNERS, LP
740000
1.37
6
BGL BNP PARIBAS A/C FORTIS MIX UMBRELLA FUND NV
610799
1.13
TOTAL
6884102
12.78
(I) (d) Statement showing details of locked in shares
SCRIPT CODE : 511676
Dated : 30.06.2010
Sr. No.
Name of shareholder
Category of shareholders (Promoters/Public)
No. of locked-in shares
Locked-in shares as percentage of total no. of shares (i.e.Grand Total(A)+(B)+C)
indicated in statement at para(I)(a) above)
1
NA
0
0.00
TOTAL
0
0.00
(II) (a) Statement showing details of Depository Receipts (DRs)
SCRIP CODE : 511676
Dated : 30.06.2010
Sr.No.
Type of outstanding DR (ADRs, GDRs, SDRs, etc)
No. of outstanding DRs
No. of shares underlying outstanding DRs
Shares underlying outstanding DRs as a percentage of total no. of shares {I.e. Grand Total (A)+(B)+C) indicated in Statement at para (1)(a)above}
NIL
(II) (b) Statement showing holding of Depository Receipts (DRS) where underlying shares are in excess of 1% of the total no.of shares
SCRIP CODE : 511676
Dated : 30.06.2010
Sr. No.
Name of the DR Holder
Type of outstanding DR(ADRs, GDRs, SDRs, etc.)
No. of shares underlying outstanding DRs.
Shares underlying outstanding DRs as a percentage of total no. of shares (i.e. Grand Total (A)+(B)+C) indicated in Statement at para (I)(a)above)
NIL
GIC HOUSING FINANCE LIMITED
SHAREHOLDING PATTERN AS ON 30.06.2010
(III) (a) Statement showing the voting pattern of shareholders, if more than
one class of shares/securities is issued by the issuer. (Give description of voting
rights for each class of security Class X, Class Y, Class Z)
Scrip Code : 511676
Dated : 30.06.2010
Category code
Category of shareholder
Number of Voting Rights held in each class of securities
Total Voting Rights
Total Voting Rights(VI)
As a % of
As a % of
Class X
Class Y
Class Z
(III+IV+V)
(A+B)
(A+B+C)
(I)
(II)
(III)
(IV)
(V)
(VI)
(VII)
(VIII)
(A)
Promoterand Promoter Group
(1)
Indian
(a)
Individuals/H.U.F
(b)
Cental/State Government(s)
(c )
Bodies Corporate
(d)
Financial Institutions/Banks
(e)
Any Other (specify)
SUB TOTAL(A)(1)
N.A
N.A
N.A
N.A
N.A
N.A
(2)
Foreign
(a)
Individuals (Non Resident/Foreign)
(b)
Bodies Corporate
(c)
Institutions
(d)
Any Other (specify)
SUB TOTAL(A)(2)
N.A
N.A
N.A
N.A
N.A
N.A
Total Shareholding of Promoter and Promoter Group (A)=(A)(1)+(A)(2)
N.A
N.A
N.A
N.A
N.A
N.A
(B)
Public Shareholding
(1)
Institutions
(a)
Mutual Funds/UTI
(b)
Financial Institutions/Banks
(c)
Central/State
Government(s)
(d)
Venture Capital Fund
(e)
Insurance Companies
(f)
Foreign Institutional Investors
(g)
Foreign Venture Cap. Inv
(h)
Any Other (specify)
Sub-Total(B)(1)
N.A
N.A
N.A
N.A
N.A
N.A
(2)
Non-Institutions
(a)
Bodies Corporate
(b)
Individuals
i. Individual shareholders holding nominal share capital upto Rs. 1 lakh
ii.Individual shareholders holding nominal share capital
in excess of Rs. 1 lakh.
(c)
Any Others (Specify)
Sub-Total(B)(2)
N.A
N.A
N.A
N.A
N.A
N.A
TOTAL (A)+(B)
N.A
N.A
N.A
N.A
N.A
N.A
C)
Shares held by Custodians and against which Depository Receipts have been issued
GRAND TOTAL (A)+(B)+C)
N.A
N.A
N.A
N.A
N.A
N.A
Unclaimed Dividend List of Shareholders from 2002-03 to 2008-09
All Directors and Senior
The shareholders who have not claimed the dividend shall approach our registrar and transfer agent
M/s. Sharepro Services (India) Pvt. Ltd. for claiming their dividend. The list is as on 31st March,
2010.
This is not for shareholders who have already claimed their Dividend
Investors Queries Mail here 
